Highway 92, Grandview, IA 52752 - Louisa County

LOUISA COUNTY LAND AUCTION

GRANDVIEW, IOWA

The land is located 2 miles west of Grandview on Highway 92.

Auction to be held at the Youth Learning Center at the Louisa County Fairgrounds, Columbus Junction, Iowa.

THURSDAY, SEPTEMBER 21, 2017 AT 10:00 A.M.

112 Acres M/L SELLS IN 2 TRACTS

Selling Choice with the Privilege

Tracts #1 & 2 will be sold price per acre and will be sold Choice with the Privilege, whereas the high bidder may take Tract #1 or Tract #2, or both tracts, in any order, for their high bid. This will continue until both tracts are sold. Tracts will not be recombined.

Auctioneers Note: Farm is selling Free & Clear for the 2018 farming season.

96.6 CSR2!

TRACT #1 59 Acres M/L Subject to final survey

Approx. 58.5 acres tillable.

Corn Suitability Rating 2 of 96.6 on the tillable.

Located in Section 19, Grandview Township, Louisa County, Iowa.

Not included: 2017 crops

TRACT #2 53 Acres M/L Subject to final survey

Approx. 51 acres tillable.

Corn Suitability Rating 2 of 90.3 on the tillable.

Located in Section 19, Grandview Township, Louisa County, Iowa.

Not included: 2017 crops

Please note the FSA information on the tillable of 113.55 NHEL acres includes land with the acreage not selling.

TERMS ON ALL TRACTS

Terms: 20% down payment on September 21, 2017. Balance at closing with a projected date of November 3, 2017, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of November 3, 2017 (Subject to tenants rights)

Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

Real Estate Taxes on the Entire Farm:

Gross $4,567.92

Ag Land Cr. $168.70

Net Taxes $4,398.00

Special Provisions:

Termination has been served to the tenant by the seller and the farm is selling free and clear for 2018 crop year. Seller shall retain all rent from 2017 crop year.

It shall be the obligation of the buyer(s) to report to the Louisa County FSA office and show filed deed(s) in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. Please note that the final tillable acres will be determined by the Louisa County FSA office.

All Tracts will be surveyed by a registered land surveyor and surveyed acres will be the multiplier for each tract.

This auction sale is not contingent upon Buyers financing or any other Buyer contingencies.

Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.

The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.

If one buyer purchases more than one tract, the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)

The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.

If in the future a site clean-up is required it shall be at the expense of the buyer(s).

This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.

The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.

Steffes Group, Inc. is representing the Seller.

Any announcements made the day of sale take precedence over advertising.

George Glen Beik Trust

Rebecca Eutsler & Lawrence Babe Rowe - Co- Trustees

Steven A. Sents Attorney for Trust

For more information contact Nate Larson of Steffes Group at 319.385.2000 or 319.931.3944(cell)